Jay Hinrichs
CAlling BP CPA to write post to clarify new tax bill for landlord
@Mindy Jensen Mindy it would be great if you can twist one of the CPA on BP to do a nice post on the effects of the new tax bill.. as I know the threads will start to run wild with you can do this you cant do that....
Mark Smith
Builder Risk Insurance and General Liability Insurance
After reading my builders risk policy (30 pages), I realized the coverage isn't very good. About 15 pages of exclusions. My biggest concern is: I hire a painter he is covered under the policy. He brings a helper and ...
Jarrett Mel Williams
Exclusive Buyer Representation
Has anyone ever signed an Exclusive Representation Form with an Agent and broker before?
What are the pros or cons to these? I’m trying to understand why you should or shouldn’t sign these and what benefits they wou...
Andrew C.
Asset Protection: Equity Stripping
Hi BP Community - I have an interesting legal situation that I wanted to hear feedback from before consulting our attorney.I recently read the book, Loopholes of Real Estate, and there was a section on Equity strippin...
Aaron Ver
Military move 1st potential rental
Current mortgage with VA at 2.x% with 278,000 left in South Carolina less than 4k worth in maintenance. Comps show the home is worth around 420,000 in an excellent neighborhood with potentially low vacancy rate if i w...
Viral Patel
Re-inspection of Roof by Insurance
Hello,We opened claim to replace the roof because of wind/hail damages (we have the coverage). We got it inspected by 3 licensed roofer and everyone said that Insurance company should pay for replacement. When I opene...
Bonnie Low
Insurance for midterm rentals - Insurers and Renter's Insurance?
I'm working on a research project and am hoping to crowdsource some recommendations about insurance coverage for your midterm rental properties. What are you experienced hosts doing? My questions are:- Policy type: ho...
Nick Louie
Buyer Agent's Commission Fees
Hi BP Community,
I was wondering whether it's customary (in your respective communities) for a first-time home buyer to work with a buyer's agent and agree to exclusivity for 3 months and to pay the agent 2%. In this...
Christian Hunter
Is wholesaling illegal without being a broker or owning title?
Hi, ive been wanting to start out in the REI game through wholesaling properties, but have come across some information on BP that it is illegal unless your a licensed broker or have a mass amount of knowledge and ski...
Jeremy M.
No Warranties?
Are most REO's sold "with no warranties expressed or implied by seller?
I understand all banked owned properties are "as is" does no warranties mean the same thing?
Even so since this is a bank owned property, the tit...